Posted on 08/28/2014 6:53:33 AM PDT by Mechanicos
Since a third to half of our population already IS getting money from the government, clearly the proposition doesn’t work.
Frankly I’m not even a proponent of the govt borrowing money to hand out to the population. I was agains’t TARP and agains’t the failed stimulus. All I’m saying is that it probably would have been better to give it out to the public than bail out the banks. It would have been far better to execute controlled closings of the banks that needed to fail and take the hit in 2008. By now we would be coming out of it. As it stands we face a horrendous collapse coming down the road.
“Central Banks Should Hand Consumers Cash Directly”
Does anyone know where the line starts? Because I’d sure like to get my hands on my share pronto! Oh, and can I get a free pony too while they’re giving stuff away? And some pony food stamps also since ponies cost so much to feed.
The money loaned to the banks was repaid, at a profit to the Treasury.
Do you feel loaning that money to the public would have helped the economy as much as fixing the banking system?
Goldman Sachs 40T, JP Morgan 70T, BofA 50T, etc., etc., etc., these are amounts of risk exposure disclosed during the subprime crisis. The US CFTC revealed more than 500T in counter party risk during the last decade. Greenspan, Summers and Co. told the CFTC to STFU.
10T is bupkus in this context.
There shall be a class of Oligarchs and there will be a class of Serfs to feed the Oligarchs.
You are Serf and you will pay your taxes and your mortgage and you will STFU or else.
Love your bad math here.
The US CFTC revealed more than 500T in counter party risk during the last decade.
I heard it was eleventy bazillion.
The way to have properly fixed the banking system would have been to do a controlled break up of the supposed too big to fail banks into smaller pieces and sold them off to solvent entitities. Just like they need to do with Fannie and Freddie but have not faced up to it yet.
As I said I’m not a proponent of borrowing money to give to anybody but what I said was it likely would have done more for the economy to give it directly to people.
They gave it to the banks, how are you liking the economy now?
Oh...why it be the bottom of the barrel of idiot jerk trolls who post on FR feigning as know-it-alls on matters concerning banking and the federal reserve .......
Here’s a reference numb nuts or be it a tranny these days?
http://dailybail.com/home/pbs-frontline-the-warning-how-greenspan-summers-rubin-conspi.html
with full video included .......
Those who are respectfully in learning mode should watch the video. The addressee is not capable of learning. Some would call such ‘stupid’.
The “Foreign Affairs” publication is unnecessary. there are already multiple billions of dollars in transfer payments already.
The feds just raised their print on GDP grow to 4.2%. That means the Fed will likely speed up their process of paring down QE3.
None of the stuff advocated by the foreign affairs article is going to happen. Its just a liberal loyalist saying he’s down for his better’s cause whatever his better’s cause may be.
In any case the oil patch is printing ten times more real money than the feds are printing fake money. That’s what’s driving the economy right now and saving the USA from keeling over.
They gave it to the banks and the banks paid it back.
The economy is better than it would have been if one-third of the banks had failed, like the Great Depression when they allowed the money supply to crash.
Why do I constantly have to point out the difference between notional value and and nominal value to low IQ panic mongers who wouldn't understand banking or markets even if their life depended on it?
Better to have faced it and gone through it rather than kicking the can down the road to a worse crash and depression which is coming soon.
Sorry, letting the banking system crash wouldn’t have helped anyone.
No bank is too big to fail. There are always solvent entities that might not be able to buy Chase but could buy one fourth of Chase. A controlled break up of the failing big guys would have been much better than the bail out. Do you think somebody is just going to buy Fannie or Freddie? No eventually they will be divied up into about 4 or 5 sections and sold off that way in chunks.
Next time there won’t be a bail out. There will be a bail in. You will wake up on Monday and your bank accounts will be about 20% lighter. But hey the bank will still be in business.
And after the torture they've put BofA through, for the sins of Countrywide, no bank is ever going to buy a problem to help out during the next crisis. Not gonna happen.
Next time there won’t be a bail out. There will be a bail in. You will wake up on Monday and your bank accounts will be about 20% lighter.
Absent the bailout (short term loans, really), this would have happened in 2008.
It's time for the "[And] [So] It Begins" drinking game! Every time someone posts the oh-so melodramatic, overwrought, histrionic, overdone, sensational and ominous
"[And] [So] It Begins"
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And So It Begins....
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And so it Begins….
A Romney we can respect (So it begins)
And So It Begins (Dollar Warnings)
And So It Begins! (And so it begins)
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(And So It Begins)
And so it begins again.....
School Is Renamed For Obama (And so it begins...)
So it begins.
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And So It Begins...
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(so it begins...)
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And So It Begins.
And so it begins:
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And So It Begins
(So it begins)
And so it begins?....
and so it begins.
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So it begins.
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It Begins…
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It begins.
While this list is not complete, it demonstrates the fun you and your family can have at home while kissing your own butt goodbye!!
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